Instructions No. 1 of 2020 (the "Instructions") facilitating the implementation of the provision of Article 23 of the Regulation of Commercial Agencies No. 79 of 2017 (the "Commercial Agency Law") was recently issued on 8 November 2020. The Instructions provide much needed clarification on Iraq’s Commercial Agency Law. The clarification sets out the requirements for a valid commercial agency agreement in Iraq.
Content Types: ArticleRegions & Countries: IraqIndustries: All
Finding a new Iraqi government is at an impasse and will be for the foreseeable future following the former prime minister-designate's resignation on 1 March, hours after he failed to get his Cabinet approved by the parliament.
While Iraqi Prime Minister-designate Mohammad Allawi could get parliamentary approval on his proposed Cabinet, it is unlikely that it will be accepted by protesters, who have been calling for an overhaul of the current political structure since October 2019.
Content Types: NewsletterRegions & Countries: IraqTunisiaIndustries: All
Higher oil output should boost growth, but structural vulnerabilities, particularly high unemployment and a growing population, are being left unattended by the absence of any major legislative action.